Olivet-St Vincents Housing Development Fund Company Inc

Analysis

Olivet-St Vincents Housing Development Fund Company Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in February 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Olivet-St Vincents Housing Development Fund Company Inc reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.5m (+1.0%), an average of +0.3% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olivet-St Vincents Housing Development Fund Company Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Ouachita Ministries Inc ($1.5m), International Sangha Bhiksu Buddist Association ($1.5m) and United Way Emerald Coast Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $171k. At year end it held assets of $3.4m against liabilities of $3.7m, net assets of -$303k.